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Gold/Mining/Energy : Global Platinum & Gold (GPGI) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (9574)	2/27/1999 8:37:00 PM
From: JACK R. SMITH JR.	Read Replies (1) \| Respond to of 14226

Zeev, Are you doubting the numbers? Well, so am I. Having said that, I wish to thank Mr. McKay for his intervention and his personal sacrifice on behalf of our collective rescue. I know that he has a large investiment here and I know that he is protecting his investment through his intervention. He and we have a mutual interest. One thing that I feel that I have adequately brought to his attention is the history of this company to announce fantastic numbers, yet fail to get the numbers throught the process to the refiner and be duly rewarded. He is a smart and capable person, so I know that he has heard me. His announcement of these numbers at this point leads me to believe that he has some assurance that he can produce a significant portion of those numbers. If not, then he must also realize the folly of the announcement and its effect upon the company and its stockholders. I also do not believe that he would announce such numbers based upon faith in "in-house" analysis. Surely, he must have some third party verification. My thought is that there could be a very successful two pronged approach for the company and I have offered that before. The first would be to exploit the conventionally recoverable portion of the properties and use that as a "cash cow" to support further R&D and operating fund requirements. We must walk before we run, if you will. For Zeev--The microcluster portion of the ores are the troblesome part. You assume that when alloyed that they behave as conventional noble metals. That may be in error and even though alloyed they may still behave in their "unconventional ways". I think that very important, so if you are after the "unconventional goodies", then they may fool you. Why roast--depends upon the roasting temp and the undesirable elements you wish to send up the flume! If you are after silver, and Iron is the problem, then you are in trouble. If you are after platinum and iron is a problem, then no problem. You will loose the gold and silver since they go before the iron. I am seriously blabbing here, but just thinking out loud so to speak. I view the present communicative attempt by the company as a model for the future and hope that it will be the standard. Regards to all! Roaster, Jack!